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The Dogecoin price is up 2.2% in the last 24 hours, trading at $0.076 as of 4:26 a.m. EST.
This increase follows the news that Carl Erik Rinsch, director of Netflix’s sci-fi series “Conquest,” turned a daring $4 million bet on Dogecoin into an impressive $27 million, sparking heightened investor interest.
Wild Netflix story.
In 2018, it bought a sci-fi series from director Carl Rinsch. By 2020, Netflix spent $44m on the show.
Production was floundering and Rinsch demanded $11m more. He took the funds and quickly lost ~$6m in pharma option YOLOs.
A bit later, he took $4m and… pic.twitter.com/JnvY09Op9A
— Trung Phan (@TrungTPhan) November 22, 2023
Dogecoin Price Signals a Rebound on $0.071 Support
The $0.58 support has proven resilient, providing an anchor-ground foundation for the bulls to take control of the price in bullish activity, leading to a breakout from the descending wedge pattern and a successful retest of the 200-day simple moving average. This strong upward momentum has propelled the price above the $0.075 resistance level.
However, the bulls faced a resistance force at $0.088 following a rebound from the $0.066 support.
The 200-day simple moving average has emerged as a crucial support for Dogecoin, with the price crossing above both the 50-day and 200-day SMAs. The MA cross coinciding with $0.071 confirms a bullish sentiment.
Although the relative strength index (RSI) decreased from an overbought level, it remains in a bullish trend, currently trading at 53. If the bullish trend persists, there is potential for the RSI to enter the overbought zone.
Dogecoin Price Poised To Reach $0.11
The Dogecoin price appears poised to reach the $0.11 level by the Q4 quarter of 2023, supported by the RSI and SMA indicators. Continued bullish momentum could drive prices beyond $0.15.
Conversely, resistance at $0.088 may challenge bullish advances, potentially leading to a correction to the $0.071 support zone. A candlestick break below this level could find support at $0.066.
Doge investors can also explore Meme Kombat for a chance to land a potential jackpot. Meme Kombat lets you battle using popular meme characters and also bet on other users’ outcomes, increasing your chances of making substantial yields.
Meme Kombat Presale Stage Ends In 4 Hours: Buy Fast Before Price Hike
The Meme Kombat presale stage, which has already raised an impressive $2 million, is set to conclude in the next four hours. Currently, MK tokens are available at a special discounted rate of $0.205 per token.
Kombat is a way of life. It makes us who we are.#MemeKombat $MK pic.twitter.com/wQANN0uRrc
— Meme Kombat (@Meme_Kombat) November 22, 2023
However, this rate will rise to $0.214 in four hours, representing a 4.39% increase in price. Therefore, make your purchase now before the presale ends to secure the guaranteed gains.
Recently, the project received a boost when a whale investor purchased MK tokens worth $18,490. This significant investment demonstrates the confidence that investors have in this battle-centric GameFi token.
This whale made sure they got into $MK at $0.205 🤩
24 hours to go before we increase to $0.214 ⏰ pic.twitter.com/hh6XN0LoJ0
— Meme Kombat (@Meme_Kombat) November 22, 2023
Stake And Earn Impressive 478%
The project recently introduced a staking feature, providing investors and the community with additional earning opportunities. By staking MK tokens, you can earn a substantial annual percentage yield (APY) of 478%. 30% of the total supply is allocated for staking and rewards.
Currently, 2,394 stakers have committed over 8.2 million MK tokens, which accounts for 65% of the total supply designated for staking, and over 1 million MK tokens have already been distributed as rewards.
Over 1,000,000 $MK paid in rewards already🔥
Staking has been a great addition to the Meme Kombat community already🚀 pic.twitter.com/a6yI86cEG1
— Meme Kombat (@Meme_Kombat) November 22, 2023
To secure the high APY, it’s crucial to act quickly and purchase tokens now, as the rate is set to decrease with an increasing number of MK tokens being staked.
Cryptonews, a popular YouTube channel, has reviewed the Meme Kombat presale, discussing why it has huge potential. It also explains how you can get into the action.
Purchase MK tokens by visiting the Meme Kombat website, where you can swap your BNB, ETH, or USDT to acquire MK tokens.
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